Automate your vendor risk management program using advanced workflows

Running a successful vendor risk management program involves following many processes and steps. As your program grows to managing hundreds or even thousands of vendors, the risk of inconsistencies in following processes can increase through human errors and can lead to decreased productivity.

Venminder’s Advanced Workflows Module was built to helpyou drive process consistency by allowing you to define and automate required activities or tasks using rule-based logic. The functionality ensures your team is closely aligned to your defined processes and provides structure in how, when and by whom you want actions executed. Your teams can follow a series of automated actions that can trigger additional actions as they progress through the workflow with the ability to add approvals along the way.

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